Setting up systems to handle known problems or issues that repetitively present themselves is generally a very good idea. It reduces the time required to asses the issue, develop a solution, and implement the plan. In essence, having systems reduces…
One of your greatest assets is the ability to produce an income--the ability to earn money by working. The judicial system recognizes that our capacity to earn is quite valuable. It also recognizes that most people have to work just…
Asset protection trusts come in at least two varieties: Grantor trusts and spendthrift trusts. A grantor trust is a trust established by a person (the "settlor" or "grantor") for the benefit of the settlor. An example of a grantor trust…
Some states make limited liability companies disclose the names of owners and managers. Other states don't require such disclosure. Charlatans running asset protection scams will do their best to convince you that secrecy is the key to protecting your wealth. …
In a recent conversation with a potential client, something became apparent: Many people think they can "game" the asset protection system. In some cases, that might be true. But when your hard-earned assets are on the line, do you really…
If you're a doctor, you almost certainly carry medical malpractice insurance and know that costs seem to escalate year after year with no end in sight. One alternative to carrying malpractice insurance is to set in place a comprehensive asset…
The Employee Retirement Security Act (“ERISA”) has an asset protection fail-safe mechanism built into it that ensures employees receive the benefits promised to them. ERISA qualified plans include pensions, 401(k) plans, profit sharing plans, and defined benefit plans. Non-ERISA plans…
You don't have look far in mainstream media to find stories about strategic default. We've written about how strategic default is a morally defensible choice and about how we arrived in the current strategic default environment. This is an entirely…
We recently published an article about a California court ordering a Florida widow to sell her homestead and how the order was upheld in a Florida court. With respect to California asset protection laws as they relate to and are…
It's important to make sure that your wealth is locked up in exempt assets and that it can be exported to an offshore trust in the event of judicial intervention, so that it lays beyond the reach of unpredictable judges…